Common use of Forecast Accuracy Clause in Contracts

Forecast Accuracy. 4.7.1 Prior to entering into this Agreement you have agreed with us your Nominated Consumption as shown on the Proposal. 4.7.2 For electricity only, where your actual consumption for the Agreed Supply Period is greater than 120% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Upper Tolerance” and/or “UT”) and the average System Buy Price for the Agreed Supply Period is greater than the Energy- Only Element of the Charges, we may charge you an Electricity Excess Consumption Charge. 4.7.3 For electricity only, where your actual consumption for the Agreed Supply Period is less than 80% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Sell Price for the Agreed Supply Period is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during the Agreed Supply Period and the Lower Tolerance, we may charge you an Electricity Under Consumption Charge. 4.7.4 For gas only, where your actual consumption for a Contract Year/part-Contract Year at Premises is greater than 120% of the Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Upper Tolerance”) and the average System Marginal Buy Price for that Contract Year/part-Contract Year is greater than the Energy-Only Element of the Charges, we may charge you a Gas Excess Consumption Charge. 4.7.5 For gas only, where your actual consumption for any Contract Year/part-Contract Year at Premises is less than 80% of your Nominated Consumption/pro rated Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Marginal Sell Price for that Contract Year/part- Contract Year is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during that Contract Year and the Lower Tolerance, we may charge you a Gas Under Consumption Charge. 4.7.6 Charges applied under this Clause 4.7 shall be payable in accordance with Clause 5.9 of these Terms and Conditions.

Appears in 1 contract

Samples: General Terms and Conditions

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Forecast Accuracy. 4.7.1 Prior to entering into this Agreement you have agreed with us your Nominated Consumption as shown on the your Proposal. 4.7.2 For electricity only, where your actual consumption for the your Agreed Supply Period is greater than 120% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Upper Tolerance” and/or “UT”) and the average System Buy Price for the your Agreed Supply Period is greater than the Energy- Only Element of the Charges, we may charge you an Electricity Excess Consumption Charge. 4.7.3 For electricity only, where your actual consumption for the your Agreed Supply Period is less than 80% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Lower Tolerance” and/or and/ or “LT”), except where the average System Sell Price for the your Agreed Supply Period is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during the your Agreed Supply Period and the Lower Tolerance, we may charge you an Electricity Under Consumption Charge. 4.7.4 For gas only, where your actual consumption for a Contract Year/part-Contract Year at Premises is greater than 120% of the Nominated Consumption/pro-pro rated Nominated Consumption as applicable (the “Upper Tolerance”) and the average System Marginal Buy Price for that Contract Year/part-Contract Year is greater than the Energy-Only Element of the Charges, we may charge you a Gas Excess Consumption Charge. 4.7.5 For gas only, where your actual consumption for any Contract Year/part-Contract Year at Premises is less than 80% of your Nominated Consumption/pro rated Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Marginal Sell Price for that Contract Year/part- Contract Year is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during that Contract Year and the Lower Tolerance, we may charge you a Gas Under Consumption Charge. 4.7.6 Charges applied under this Clause 4.7 shall be payable in accordance with Clause 5.9 5.8 of these Terms and Conditions.

Appears in 1 contract

Samples: Electricity and Gas Supply Agreement

Forecast Accuracy. 4.7.1 Prior to entering into this Agreement you have agreed with us your Nominated Consumption as shown on the your Proposal. 4.7.2 For electricity only, where your actual consumption for the your Agreed Supply Period is greater than 120% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Upper Tolerance” and/or and/ or “UT”) and the average System Buy Price for the your Agreed Supply Period is greater than the Energy- Energy-Only Element of the Charges, we may charge you shall pay an Electricity Excess Consumption Charge. 4.7.3 For electricity only, where your actual consumption for the your Agreed Supply Period is less than 80% of your Nominated Consumption/pro-rated Nominated Consumption as applicable (the “Lower Tolerance” and/or and/ or “LT”), except where the average System Sell Price for the your Agreed Supply Period is greater than the Energy-Energy- Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during the your Agreed Supply Period and the Lower Tolerance, we may charge Tolerance you shall pay an Electricity Under Consumption Charge. 4.7.4 For gas only, where your actual consumption for a Contract Year/part-Contract Year at Premises with Daily Read Meters is greater than 120% of the Nominated Consumption/pro-pro rated Nominated Consumption as applicable (the “Upper Tolerance”) and the average System Marginal Buy Price for that Contract Year/part-part- Contract Year is greater than the Energy-Only Element of the Charges, we may charge you shall pay a Gas Excess Consumption Charge. 4.7.5 For gas only, where your actual consumption for any Contract Year/part-Contract Year at Premises with Daily Read Meters is less than 80% of your Nominated Consumption/pro rated Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Marginal Sell Price for that Contract Year/part- part-Contract Year is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during that Contract Year and the Lower Tolerance, we may charge Tolerance you shall pay a Gas Under Consumption Charge. 4.7.6 Charges applied under this Clause 4.7 shall be payable in accordance with Clause 5.9 of these Terms and Conditions.

Appears in 1 contract

Samples: Electricity and Gas Supply Agreement

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Forecast Accuracy. 4.7.1 Prior to entering into this Agreement you have agreed with us your Nominated Consumption as shown on the Proposal. 4.7.2 For electricity only, where your actual consumption for the Agreed Supply a Forecast Accuracy Period is greater than 120% of your Nominated Consumption/pro-rated rata Nominated Consumption as applicable (the “Upper Tolerance” and/or “UT”) and the average System Buy Price for the Agreed Supply Forecast Accuracy Period is greater than the Energy- Energy-Only Element of the Charges, we may charge you an Electricity Excess Consumption Charge. 4.7.3 For electricity only, where your actual consumption for the Agreed Supply a Forecast Accuracy Period is less than 80% of your Nominated Consumption/pro-rated rata Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Sell Price for the Agreed Supply Forecast Accuracy Period is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during the Agreed Supply Forecast Accuracy Period and the Lower Tolerance, we may charge you an Electricity Under Consumption Charge. 4.7.4 For gas only, where your actual consumption for a Contract Year/part-Contract Year Forecast Accuracy Period at Premises is greater than 120% of the Nominated Consumption/Consumption /or the pro-rated rata amount of the Nominated Consumption as applicable (the “Upper Tolerance”) ” and/or “UT” and the average System Marginal Buy Price for that Contract Year/part-Contract Year Forecast Accuracy Period is greater than the Energy-Only Element of the Charges, we may charge you a Gas Excess Consumption Charge. 4.7.5 For gas only, where your actual consumption for any Contract Year/part-Contract Year Forecast Accuracy Period at Premises is less than 80% of your Nominated Consumption/pro rated Consumption /or the pro-rata amount of the Nominated Consumption as applicable (the “Lower Tolerance” and/or “LT”), except where the average System Marginal Sell Price for that Contract Year/part- Contract Year Forecast Accuracy Period is greater than the Energy-Only Element of the Charges, in respect of the difference between your actual consumption at those Premises during that Contract Year Forecast Accuracy Period and the Lower Tolerance, we may charge you a Gas Under Consumption Charge. 4.7.6 Charges applied under this Clause 4.7 shall be payable in accordance with Clause 5.9 of these Terms and Conditions.

Appears in 1 contract

Samples: General Terms and Conditions

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